Notice2024-24813
In the Matter of the Application of Green Impact Exchange, LLC for Registration as a National Securities Exchange; Order Instituting Proceedings To Determine Whether To Grant or Deny an Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 25, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 207 (Friday, October 25, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 207 (Friday, October 25, 2024)]
[Notices]
[Pages 85264-85267]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-24813]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101397; File No. 10-244]
In the Matter of the Application of Green Impact Exchange, LLC
for Registration as a National Securities Exchange; Order Instituting
Proceedings To Determine Whether To Grant or Deny an Application for
Registration as a National Securities Exchange Under Section 6 of the
Securities Exchange Act of 1934
October 21, 2024.
I. Introduction
On May 9, 2024, Green Impact Exchange, LLC (``GIX'') filed with the
Securities and Exchange Commission (``Commission'') a Form 1
application (``Form 1'') under the Securities Exchange Act of 1934
(``Act''), seeking registration as a national securities exchange under
Section 6 of the Act.\1\ Notice of the application was published for
comment in the Federal Register on July 23, 2024.\2\ The Commission
received comments on the GIX Form 1,\3\ all expressing support for the
Form 1.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78f.
\2\ See Securities Exchange Act Release No. 100547 (July 17,
2024), 89 FR 59795.
\3\ The public comment file for GIX's Form 1 (File No. 10-244)
is available on the Commission's website at: <a href="https://www.sec.gov/comments/10-244/10-244.htm">https://www.sec.gov/comments/10-244/10-244.htm</a>.
---------------------------------------------------------------------------
Section 19(a)(1) of the Act \4\ requires the Commission, within 90
days of the date of publication of notice of an application for
registration as a national securities exchange, or such longer period
as to which the applicant consents, to, by order, grant such
registration \5\ or institute proceedings to determine whether such
registration should be denied.\6\ This order is instituting proceedings
under Section 19(a)(1)(B) of the Act \7\ to determine whether GIX's
application for registration as a national securities exchange should
be granted or denied, and provides notice of the grounds for denial
under consideration by the Commission, as set forth below.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(a)(1).
\5\ 15 U.S.C. 78s(a)(1)(A).
\6\ 15 U.S.C. 78a(a)(1)(B).
\7\ 15 U.S.C. 78s(a)(1)(B).
---------------------------------------------------------------------------
II. Overview of GIX's Form 1
A. Description
GIX proposes to operate a fully automated electronic trading
platform for the trading of listed equities and would not maintain a
physical trading floor. Liquidity would be derived from orders to buy
and orders to sell submitted to GIX electronically by GIX members from
remote locations. GIX proposes to have one class of membership open to
registered broker-dealers. GIX would be wholly owned by its parent
company, Green Exchange, PBC (``GEPBC'').\8\
---------------------------------------------------------------------------
\8\ See Exhibit C to GIX's Form 1.
---------------------------------------------------------------------------
With respect to the listing of securities, GIX proposes to permit
an operating company whose securities are, or at the time of listing on
GIX will be, listed on another national securities exchange registered
with the Commission pursuant to Section 6(a) of the Act (its ``primary
listing exchange'') to apply to also list those securities on the
Exchange.\9\ As a condition of
[[Page 85265]]
continuing to dually list its securities on GIX, a company would have
to at all times continue to be in good standing with its primary
listing exchange.\10\
---------------------------------------------------------------------------
\9\ See proposed GIX Rule 14.105(a). GIX's proposed rulebook,
which includes its proposed Green Governance Standards (as described
in section III.A. below), may be found in Exhibit B-1 to GIX's Form
1.
\10\ See proposed GIX Rule 14.105(b).
---------------------------------------------------------------------------
A novel feature of GIX's proposed listing standards is that GIX
would require all companies that list on GIX to comply with its Green
Governance Standards which, according to GIX, are designed to provide
investors with access to accountable and enforceable information about
the quality of a listed company's commitment to sustainable ways of
doing business.\11\ As proposed, GIX's Green Governance Standards do
not include fixed targets or a single reporting framework, and
generally are process or disclosure based.
---------------------------------------------------------------------------
\11\ See Exhibit H-5 to GIX's Form 1, at 3-4.
---------------------------------------------------------------------------
GIX proposes to enter into a technology services agreement with
MEMX Technologies, LLC (``MEMX Technologies'') \12\ to license the
technology underlying the GIX trading platform (``Agreement'').\13\
---------------------------------------------------------------------------
\12\ MEMX Technologies is affiliated with MEMX LLC (``MEMX
Exchange''), a registered national securities exchange. MEMX
Exchange is not a party to the Agreement. See Exhibit E to GIX's
Form 1.
\13\ See infra Section III (discussing the proposed Agreement
between GIX and MEMX Technologies in greater detail). See also
Exhibits C and E to GIX's Form 1.
---------------------------------------------------------------------------
A more detailed description of the manner of operation of GIX's
proposed system can be found in Exhibit E to GIX's Form 1. Further
information about GIX's proposed Green Governance Standards can be
found in Exhibit H-5 to GIX's Form 1. GIX's proposed rulebook, which
includes the Green Governance Standards, is Exhibit B to GIX's Form 1,
and the governing documents for GIX and GEPBC can be found in Exhibit A
and Exhibit C, respectively.
B. Comments on GIX's Form 1
Commenters principally discuss the benefits that they believe GIX's
proposed Green Governance Standards would provide. Commenters support
the transparency and accountability for the sustainability initiatives
that they believe would be provided through GIX's proposed Green
Governance Standards.\14\ In particular, some commenters state that the
proposed listing criteria should prevent ``greenwashing.'' \15\ Another
commenter states that the transparency and accountability required
through GIX's proposed Green Governance Standards would ``promote[ ]
investor protection by providing greater information about each listed
company and allows easier comparisons across `green' companies leading
to improved investment decision-making.'' \16\
---------------------------------------------------------------------------
\14\ See, e.g., letters from Hideto Nishitani, CEO, Virtuous
Capital, LLC (September 4, 2024) (``Virtuous Capital Letter'') at 1;
the Green Impact Exchange Advisory Council (August 30, 2024)
(``GIEAC Letter'') at 2; Andrew Behar, CEO, As You Sow (August 26,
2024); Steven M. Rothstein, Managing Director, and Jake Rascoff,
Director, Ceres (August 20, 2024) (``Ceres Letter'') at 2; Marcus
Hooper, Board Advisor, Sustainable Footprints (August 13, 2024) at
1; John FX Dolan (July 27, 2024); J.G. Michalowski, SafeRock USA
(July 30, 2024) (``SafeRock USA Letter'') at 1; Michael Capelli
(August 8, 2024) at 2.
\15\ See, e.g., Virtuous Capital Letter at 1; GIEAC Letter at 1;
SafeRock USA Letter at 1; letters from Andrea Schmitz (August 9,
2024); Nancy Reich (August 15, 2024) (``Reich Letter'') at 1; Pradiv
Mahesh (August 15, 2024).
\16\ Reich Letter at 2.
---------------------------------------------------------------------------
Additionally, one commenter states that approving the GIX Form 1
would be consistent with Section 11A of the Act, which, according to
this commenter, mandates the Commission to assure ``fair competition
among brokers and dealers, among exchange markets, and between exchange
markets and markets other than exchange markets.'' \17\ Fair
competition, in the commenter's view, ``implies minimal barriers to
entry,'' so the commenter states that ``[a]s long as a proposed entrant
can demonstrate that it can fulfill a national securities exchange's
legal obligations under the [Act], then its registration should be
approved.'' \18\ Another commenter states that approval of GIX's
application would contribute to investor protection.\19\ A different
commenter offers specific additions regarding GIX's proposed Green
Governance Standards, specifically suggesting that GIX: (1) designate
only the IFRS Sustainability Reporting standards as a reporting
framework to ensure comparability of information for investors; \20\
and (2) incorporate into its listing criteria socially responsible
practices in line with the OECD Guidelines for Multinational
Enterprises on Responsible Business Conduct and the UN Guiding
Principles on Business and Human Rights.\21\
---------------------------------------------------------------------------
\17\ Letter from James J. Angel, Associate Professor of Finance,
Georgetown University (August 28, 2024) at 3.
\18\ Id.
\19\ See Ceres Letter at 1.
\20\ In the commenter's view, these standards provide a global
baseline for sustainability reporting, focusing on decision-useful
information for investors. See letter from Jen Sisson, CEO, The
International Corporate Governance Network (September 6, 2024) at 1.
\21\ See id.
---------------------------------------------------------------------------
Further, another commenter states that approval of the Form 1 would
provide ``much-needed competition'' to a listings ``duopoly'' and
``offer a specialized platform for companies and investors who
prioritize sustainability and responsible business practices.'' \22\
This commenter also states that GIX would ``play a crucial role in
directing capital toward companies that are genuinely committed to
sustainable practices.'' \23\
---------------------------------------------------------------------------
\22\ Letter from Dave Lauer (September 16, 2024) (``Lauer
Letter'') at 3.
\23\ Lauer Letter at 2.
---------------------------------------------------------------------------
III. Proceedings To Determine Whether To Grant or Deny the Application
and Grounds for Potential Denial Under Consideration
As required by Section 19(a)(1)(B) of the Act,\24\ the Commission
is hereby providing notice of grounds for denial under consideration,
as set forth below. Institution of such proceedings is appropriate at
this time in view of the issues raised by the application. Institution
of proceedings does not indicate that the Commission has reached any
conclusions with respect to any of the issues involved.
---------------------------------------------------------------------------
\24\ 15 U.S.C. 78s(a)(1)(B).
---------------------------------------------------------------------------
Under Section 19(a)(1) of the Act, the Commission shall grant an
application for registration as a national securities exchange if the
Commission finds that the requirements of the Act and the rules and
regulations thereunder with respect to the applicant are satisfied. The
Commission shall deny such application for registration if it does not
make such a finding.\25\ Under Section 6(b) of the Act, an exchange
shall not be registered as a national securities exchange unless the
Commission determines that it has satisfied the relevant requirements
of the Act.\26\ In particular, Section 6(b)(1) of the Act requires that
the Commission determine that an exchange is so organized and has the
capacity to carry out the purposes of the Act.\27\ In addition, under
Section 6(b)(3) of the Act, the Commission must determine that the
rules of the exchange assure a fair representation of its members in
the selection of its directors and administration of its affairs and
provide that one or more directors shall be representative of issuers
and investors and not be associated with a member of the exchange,
broker or dealer.\28\ Section 6(b)(5) of the Act requires that the
rules of the exchange be designed, among other things, to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, to foster cooperation and coordination
with persons engaged in regulating, clearing, settling, processing
information with respect to, and facilitating transactions
[[Page 85266]]
in securities, to remove impediments to and perfect the mechanisms of a
free and open market and a national market system, and in general to
protect investors and the public interest.\29\ Finally, under Section
6(b)(8) of the Act, the Commission must determine that the rules of the
exchange do not impose any burden on competition that is not necessary
or appropriate in furtherance of the purposes of Act.\30\
---------------------------------------------------------------------------
\25\ 15 U.S.C. 78s(a)(1).
\26\ 15 U.S.C. 78f.
\27\ 15 U.S.C. 78f(b)(1).
\28\ 15 U.S.C. 78f(b)(3).
\29\ 15 U.S.C. 78f(b)(5).
\30\ 15 U.S.C. 78f(b)(8).
---------------------------------------------------------------------------
A. Proposed Green Governance Standards
Generally, GIX's proposed Green Governance Standards would require
the following: (1) establishment of board governance polices and
processes to reinforce the issuer's ``Green Goals''; \31\ (2)
identification of stakeholders, classification of them, and evaluation
of how they may be affected by the issuer's environmental practices;
\32\ (3) definition of short-, medium-, and long-term goals for
environmentally sustainable business practices that are materially
meaningful in light of the listed company's specific business; \33\ (4)
preparation of a plan reasonably designed to meet the listed company's
stated environmental goals and disclosure of a summary of such plan;
\34\ (5) provision of a framework for evaluating the issuer's
environmental goals and an explanation of the propriety of the selected
metrics; \35\ (6) disclosure of a summary of the listed company's year-
over-year progress using these metrics; \36\ and (7) implementation of
a green compliance program and appointment of a corporate officer to
oversee this program.\37\
---------------------------------------------------------------------------
\31\ See proposed GIX Rule 14.426(b).
\32\ See proposed GIX Rule 14.427(b). The proposed term
``stakeholder'' would mean any entities or individuals that can
reasonably be expected to be significantly affected by a listed
company's or prospective listed company's activities, products, or
services; or whose actions can reasonably be expected to affect the
ability of the company to implement its strategies or achieve its
objectives. See proposed GIX Rule 14.425(a)(4). Stakeholders would
include, but would not be limited to, the following: shareholders;
employees; customers; suppliers (both direct and indirect); partners
or joint venture participants; lenders or financers; potential
customers; city, county or equivalent political subdivisions in
which the listed company operates directly; regulators; and
financial analysts and markets. See Supplementary Material .03(b) to
proposed GIX Rule 14.427. As proposed, stakeholders may also include
unidentified persons or groups who have interests in the
preservation of local flora and fauna, specific ecosystems (e.g.,
river basins or wetlands), or shared local natural resources (e.g.,
groundwater) that could be affected by the company's actions. See
Supplementary Material .03(c) to proposed GIX Rule 14.427.
\33\ See proposed GIX Rule 14.427(c).
\34\ See proposed GIX Rule 14.427(d).
\35\ See proposed GIX Rule 14.426(d).
\36\ See proposed GIX Rule 14.428(c).
\37\ See proposed GIX Rules 14.426(c), 14.427(e).
---------------------------------------------------------------------------
Pursuant to its proposed Green Governance Standards, GIX would
require the establishment of board governance polices and processes to
reinforce the issuer's Green Goals.\38\ Specifically, a listed
company's board would have to: (1) adopt a Green Values statement for
the company and board; \39\ (2) adopt a charge to the company's board
and/or appropriate board committee(s) regarding oversight of and
responsibility for green strategy and the achievement of, and/or
progress toward, the prospective listed company's Green Goals; (3)
designate a Chief Sustainability Officer to report to the board or a
committee of the board; \40\ and (4) direct management to implement a
generally accepted sustainability reporting framework.\41\ As proposed,
a ``generally accepted sustainability reporting framework'' is a third-
party designed framework for collecting and reporting data and
information regarding the listed company's green performance.\42\ GIX
would recognize the following sustainability reporting frameworks as
being ``generally accepted'': Task Force for Climate-related Financial
Disclosure; International Sustainability Standards Board/Sustainability
Accounting Standards Board; Science-Based Targets Initiative; Global
Reporting Initiative; CDP (formerly the Carbon Disclosure Project);
World Economic Forum Stakeholder Capitalism Metrics; and the European
Union Corporate Sustainability Reporting Directive.\43\ A listed
company would have to develop and implement policies and procedures for
itself and standards of conduct for vendors, and contractors of the
listed company that support the company's Green Values.\44\
---------------------------------------------------------------------------
\38\ As proposed, ``Green Goals'' are a set of specific and
measurable goals in line with the company's ``Green Values'' for (i)
transitioning to a sustainable business model and green business
practices; (ii) maintaining the listed company's mature green
business practices; and (iii) evolving or iterating its mature green
business practices as needed. See proposed GIX Rule 14.427(c)(1). As
proposed, Green Goals must address three distinct time periods:
short-term (reasonably achievable within two to four years), medium-
term (reasonably achievable within four to ten years), and long-term
(reasonably achievable in more than ten years). See id. and
Supplementary Material .06 to proposed GIX Rule 14.427.
\39\ As proposed, the board's ``Green Values'' statement would
guide decision-making at the board and executive levels, establish a
standard against which the prospective listed company's green
actions can be assessed, and form the basis for an internal
framework for evaluating initiatives, plans, and actions by
leadership, managers, and employees with respect to whether such
initiatives, plans, and actions take environmental impacts and green
outcomes into account, and incorporate sustainable and green
practices to the maximum extent possible. See Supplementary Material
.02 to proposed GIX Rule 14.426.
\40\ As proposed, GIX specifies qualifications necessary for a
Chief Sustainability Officer. See Supplementary Material .04 to
proposed GIX Rule 14.426. Alternatively, the board may assign green
responsibilities to core business leaders and describe how such core
business leaders will report to the board.
\41\ See proposed GIX Rule 14.426(b). Correspondingly, a listed
company would have to implement its generally accepted
sustainability reporting framework as directed by the board. See
proposed GIX Rule 14.427(g).
\42\ See Supplementary Material .04(3) to proposed GIX Rule
14.426.
\43\ See id. In the future, GIX may designate additional
frameworks as ``generally accepted.'' See id.
\44\ See proposed GIX Rule 14.427(e).
---------------------------------------------------------------------------
A listed company would have to: (1) identify all stakeholders in
its environmental impact, taking into consideration the customs and
practices of the company's industry and ordinary business practices;
(2) document the scope of each stakeholder's perceived interests in
connection with the company's environmental impacts; (3) classify
whether the stakeholder's perceived interest(s) is (are) direct,
indirect, or general; and (4) publish a summary of its initial
stakeholder analysis on its website either as a standalone page or as a
component of its annual sustainability report.\45\ The listed company's
management and board would have to review the stakeholder analysis at
least annually and publish any updated analysis.\46\
---------------------------------------------------------------------------
\45\ See proposed GIX Rule 14.427(b). As proposed, a listed
company may use another generally recognized taxonomy to classify
stakeholders in lieu of the classification described above, provided
that the listed company adheres to the requirements for applying
such generally recognized taxonomy. See Supplementary Material .05
to proposed GIX Rule 14.427(b).
\46\ See proposed GIX Rule 14.428(b).
---------------------------------------------------------------------------
GIX would require a listed company to disclose on the listed
company's website or in a sustainability report: (1) the listed
company's short-, medium-, and long-term goals; (2) how the listed
company defines short-, medium-, and long-term time horizons, and the
criteria it employs for classifying each Green Goal as short-, medium-
or long-term; (3) for each Green Goal that establishes quantitative
targets, whether the listed company relied on science-based target
setting methodology to determine such quantitative targets; and (4) the
metrics by which the company will evaluate its progress toward the
achievement of each of its Green Goals on an ongoing basis.\47\
Additionally, GIX would require a company to create a Green Business
Plan that describes all material aspects of implementing its Green
Goals. A Green Business Plan would
[[Page 85267]]
have to specifically: identify key resources required for
implementation; assign responsibility for action to one or more
executive sponsors; describe material assumptions, timelines, and key
dependencies; and describe any material contractual arrangements,
communications, and operational systems to be employed in connection
with the plan.\48\ A summary of the plan would have to be publicly
disclosed.\49\
---------------------------------------------------------------------------
\47\ See proposed GIX Rule 14.427(c)(2).
\48\ See proposed GIX Rule 14.427(d)(1).
\49\ See proposed GIX Rule 14.427(d)(2). As proposed, the
summary must contain sufficient information so as to not be
materially misleading and provide investors and stakeholders with a
clear understanding of management's key assumptions, estimates, and
risks that could materially affect the listed company's achievement
of its Green Goals. See Supplementary Material .08 to proposed GIX
Rule 14.427.
---------------------------------------------------------------------------
GIX would require a listed company to disclose annually in its
sustainability report: (1) the results of a self-evaluation with
respect to its Green Goals, assessing whether it is on-track to meet
its short-term Green Goals; and (2) its year-over-year progress toward
achieving its Green Goals, as measured by its chosen sustainability
reporting framework.\50\
---------------------------------------------------------------------------
\50\ See proposed GIX Rule 14.428(c)(1).
---------------------------------------------------------------------------
The Commission is evaluating whether the novel proposed Green
Governance Standards are consistent with Section 6 of the Act,
including Section 6(b)(1) of the Act,\51\ which requires among other
things that a national securities exchange be organized and capable of
complying with its own rules, and Section 6(b)(5) of the Act,\52\ which
requires, among other things, that the rules of an exchange be designed
to prevent fraudulent and manipulative acts and practices, promote just
and equitable principles of trade, foster cooperation and coordination
with persons engaged in regulating, clearing, settling, processing
information with respect to, and facilitating transactions in
securities, remove impediments to and perfect the mechanism of a free
and open market and a national market system, and in general protect
investors and the public interest. In Exhibit H-5 to its Form 1, GIX
states why it believes the various aspects of the proposed Green
Governance Standards are consistent with Section 6(b)(5) of the Act.
---------------------------------------------------------------------------
\51\ 15 U.S.C. 78f(b)(1).
\52\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Technology Services Agreement With MEMX Technologies, LLC
GIX would not own the trading technology and systems (``System'')
developed by MEMX Technologies LLC, but GIX proposes to enter into the
Agreement with MEMX Technologies to license the technology underlying
GIX. Generally, the Agreement would govern (1) the delivery and
licensing of certain software for operation of the System, (2) the
development and testing of software necessary for connectivity to other
GIX and/or third party-developed functions and certain other software
necessary to support trading on GIX, and (3) the operation of the
System in an on-premises environment on behalf of the Exchange,
including certain operational and support services.\53\ GIX represents
that the Agreement and Service Levels Annex to the Agreement would also
set forth certain service levels to ensure that GIX can meet its
Regulation Systems Compliance and Integrity (``Regulation SCI'')
obligations in light of the contractual relationship between GIX and
MEMX Technologies.
---------------------------------------------------------------------------
\53\ See Exhibit E to GIX's Form 1 at 3. Under the terms of the
Agreement, (1) GIX may request that MEMX Technologies develop and
implement technology changes that change the operation of the GIX
System; and (2) GIX is not obligated to agree to, accept, or adopt
changes to the System that are not essential to the operation of its
instance of the System. See Exhibit E to GIX's Form 1 at 2-3.
---------------------------------------------------------------------------
The Commission is evaluating whether the proposed Agreement between
GIX and MEMX Technologies is consistent with Section 6(b)(1) of the
Act,\54\ including Regulation SCI thereunder.\55\ The Commission is
considering whether, under the terms of the Agreement, as described in
the GIX Form 1, GIX would be so organized and have the capacity to be
able to carry out the purposes of the Act and to comply and enforce
compliance by its members and persons associated with its members with
the Act and the rules thereunder. Specifically, the Commission is
considering, and requests commenters' views on, whether GIX would be
capable of exercising sufficient control over the operation of GIX, and
be sufficiently independent from MEMX Technologies, to enable GIX to
comply with requirements under the Act and applicable rules, including,
among other things, Regulation SCI, which requires an SCI entity to
have written policies and procedures reasonably designed to ensure that
its SCI systems have levels of capacity, integrity, resilience,
availability and security adequate to maintain the SCI entity's
operation capability.\56\
---------------------------------------------------------------------------
\54\ 15 U.S.C. 78f(b)(1).
\55\ 17 CFR 242.1000-1007; Securities Exchange Act Release No.
73639 (Nov. 19, 2014), 79 FR 72252 (Dec. 5, 2014) (``SCI Adopting
Release'').
\56\ 17 CFR 242.1000-1007. An SCI entity is responsible for
having in place policies and procedures to ensure that it is able to
satisfy the requirements of Regulation SCI for SCI systems operated
on its behalf by a third party. See SCI Adopting Release, 79 FR at
72275-76.
---------------------------------------------------------------------------
IV. Request for Written Comment
The Commission requests that interested persons provide written
views and data with respect to GIX's Form 1 and the questions included
above or other relevant issues. Comments may be submitted by any of the
following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#addfd8c1c880cec2c0c0c8c3d9deeddec8ce83cac2db"><span class="__cf_email__" data-cfemail="b3c1c6dfd69ed0dcdeded6ddc7c0f3c0d6d09dd4dcc5">[email protected]</span></a>. Please include
File No. 10-244 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File No. 10-244. This file number
should be included on the subject line if email is used. To help the
Commission process and review your comments more efficiently, please
use only one method. The Commission will post all comments on the
Commission's internet website (<a href="https://www.sec.gov/rules/other">https://www.sec.gov/rules/other</a>). Copies
of the submission, all subsequent amendments, all written statements
with respect to GIX's Form 1 filed with the Commission, and all written
communications relating to the application between the Commission and
any person, other than those that may be withheld from the public in
accordance with the provisions of 5 U.S.C. 552, will be available for
website viewing and printing in the Commission's Public Reference Room,
100 F Street NE, Washington, DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m. Do not include personal
identifiable information in submissions; you should submit only
information that you wish to make available publicly. We may redact in
part or withhold entirely from publication submitted material that is
obscene or subject to copyright protection. All submissions should
refer to File No. 10-244 and should be submitted on or before November
15, 2024.
By the Commission.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-24813 Filed 10-24-24; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on October 25, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.